US BROKER MOVES: F upgraded at Citi, BRO downgraded; TXN upgraded at Arete
Brokers upgraded Ford and Texas Instruments today citing strong fundamentals and structural transitions, while Brown & Brown was downgraded on valuation and market competition concerns.
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Upgrades AST SpaceMobile (ASTS) Upgraded to Sector Perform from Sector Underperform at Scotiabank; PT USD 50.80 Bloom Energy (BE) Upgraded to Buy from Hold at Clear Street; PT USD 290 BJ's Wholesale Club (BJ) Upgraded to Buy from Hold at Gordon Haskett; PT USD 115 Cheesecake Factory (CAKE) Upgraded to Equal Weight from Underweight at Morgan Stanley; PT USD 80 (prev USD 50) Ford (F) Upgraded to Buy from Neutral at Citi; PT USD 20 (prev USD 19) CarMax (KMX) Upgraded to Neutral from Underweight at JPMorgan; PT USD 60 (prev USD 38) Lineage (LINE) Upgraded to Outperform from Neutral at Mizuho; PT USD 47 (prev USD 40) Manhattan Associates (MANH) Upgraded to Buy from Hold at Loop Capital Ribbon Communications (RBBN) Upgraded to Buy from Neutral at B. Riley; PT USD 3.30 (prev USD 3.00) Texas Instruments (TXN) Upgraded to Buy from Neutral at Arete; PT USD 405 Uranium Royalty (UROY) Upgraded to Outperform from Sector Perform at National Bank Financial; PT USD 3.75 UWM Holdings (UWMC) Upgraded to Market Outperform from Market Perform at Citizens; PT USD 3 Weatherford International (WFRD) Upgraded to Buy from Neutral at UBS; PT USD 114 (prev USD 113) W. P. Carey (WPC) Upgraded to Outperform from Neutral at BNP Paribas Exane; PT USD 88 Downgrades Brown & Brown (BRO) Downgraded to Neutral from Buy at Citi; PT USD 79 (prev USD 70) Cheesecake Factory (CAKE) Downgraded to Hold from Buy at Jefferies; PT USD 88 (prev USD 75) CoStar Group (CSGP) Downgraded to Neutral from Buy at Citi; PT USD 33 (prev USD 70) CoStar Group (CSGP) Downgraded to Market Perform from Outperform at William Blair CoStar Group (CSGP) Downgraded to Market Perform from Outperform at Keefe, Bruyette & Woods; PT USD 29 (prev USD 41) Caesars Entertainment (CZR) Downgraded to Hold from Buy at TD Cowen; PT USD 31 MPLX (MPLX) Downgraded to Peerperform from Outperform at Wolfe Research ONEOK (OKE) Downgraded to Equal Weight from Overweight at Morgan Stanley; PT USD 103 (prev USD 113) RLI Corp. (RLI) Downgraded to Underweight from Equal Weight at Wells Fargo; PT USD 57 Western New England Bancorp (WNEB) Downgraded to Neutral from Buy at Seaport Global Securities Initiations Kinetik Holdings (KNTK) Initiated Overweight at Morgan Stanley; PT USD 64 908 Devices (MASS) Initiated Buy at Roth; PT USD 11 Mind Medicine (MMED) Initiated Buy at UBS; PT USD 25 Reddit (RDDT) Initiated Overweight at KeyBanc; PT USD 225 Steel Dynamics (STLD) Initiated Buy at Goldman Sachs; PT USD 300
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